Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says

Torsten Slok, chief economist at Apollo Global Management, said Jerome Powell’s choice of words at Jackson Hole — saying the labor market is in a “curious kind of balance” — was a signal that the Fed sees structural distortions from tariffs and deportations. Slok warned that cutting rates now…